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BTC remains in a weak trend, with bearish logic unchanged. Consolidation is merely a pullback during the downtrend, with simultaneous long and short liquidation sweeps and wash trades inducing longs, causing many traders to exit with stop losses on reversals. Remember not to chase highs, not to go all-in on speculation, and not to guess reversals in weakness.
Operationally, only trade with the trend shorting at higher levels. Observation outweighs impulse, risk management outweighs profit, and patience matters more than technique.
Trading suggestions: Aggressive traders short at current price 2070, conservative traders short around 2080-2100. Downside target 2020-1990 area, if breaks below 1975, if unbroken reverse with the trend.
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